All possible outcomes for #btc this year.
At the beginning of 2018, the year end prediction was around $40,000 USD by December. However, the correction lasted longer than expected and almost half the
year has passed, turning the previous prediction quite unrealistic, as the price would have to appreciate some 400% in the next 7 months.
The logarithmic chart drawn below shows us all possible movements for the next few months. The support line initiated in 2015, which was a result of the 2014 correction. The two other support lines begin at the beginning of the last major price appreciation at $5400.
In the Long term, the perspective is that BTC's price action will continue to rise. But what is also apparent is that the correction has not yet finished. Our target price on the down side is between 5,500 and 4,000 USD.
The resistances have being projected using the descending triangle formed by the intersection of the long term support and the angles of the most recent corrections.
At the beginning of 2018, the year end prediction was around $40,000 USD by December. However, the correction lasted longer than expected and almost half the
year has passed, turning the previous prediction quite unrealistic, as the price would have to appreciate some 400% in the next 7 months.
The logarithmic chart drawn below shows us all possible movements for the next few months. The support line initiated in 2015, which was a result of the 2014 correction. The two other support lines begin at the beginning of the last major price appreciation at $5400.
In the Long term, the perspective is that BTC's price action will continue to rise. But what is also apparent is that the correction has not yet finished. Our target price on the down side is between 5,500 and 4,000 USD.
The resistances have being projected using the descending triangle formed by the intersection of the long term support and the angles of the most recent corrections.